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From Academia to the Federal Reserve
For Paula Tkac, associate director of research at the Atlanta Fed, breaking the rules is about looking outside the box and seeing how things can be done differently.
Speech
Remarks for the Session: “Increasing Diversity in Economics: From Students to Professors”
I thank Stacy Dickert-Conlin for the opportunity to discuss two papers in this session: “Promoting Female Interest in Economics: Limits to Nudges,” by Todd Pugatch and Elizabeth Schroeder (2020), and “Can Positive Feedback Increase Female and Minority Undergraduates into Economics?” by Kelly Bedard, Jacquie Dodd, and Shelly Lundberg (2020). The papers I am discussing today are both systematic investigations of whether particular types of nudges can interest more women and minorities to go into the field of economics.
Speech
Remarks before the National Association for Business Economics
Dallas Fed President Bob McTeer delivered remarks before the National Association for Business Economics.
Speech
Growth Comes Through Change and Causes Change
Dallas Fed President Bob McTeer delivered the David McCord Wright Lecture at the University of Georgia.
Working Paper
Modeling to Inform Economy-Wide Pandemic Policy: Bringing Epidemiologists and Economists Together
Facing unprecedented uncertainty and drastic trade-offs between public health and other forms of human well-being, policymakers during the Covid-19 pandemic have sought the guidance of epidemiologists and economists. Unfortunately, while both groups of scientists use many of the same basic mathematical tools, the models they develop to inform policy tend to rely on different sets of assumptions and, thus, often lead to different policy conclusions. This divergence in policy recommendations can lead to uncertainty and confusion, opening the door to disinformation, distrust of institutions, and ...
Working Paper
Modeling to Inform Economy-Wide Pandemic Policy: Bringing Epidemiologists and Economists Together
Facing unprecedented uncertainty and drastic trade-offs between public health and other forms of human well-being, policymakers during the Covid-19 pandemic have sought the guidance of epidemiologists and economists. Unfortunately, while both groups of scientists use many of the same basic mathematical tools, the models they develop to inform policy tend to rely on different sets of assumptions and, thus, often lead to different policy conclusions. This divergence in policy recommendations can lead to uncertainty and confusion, opening the door to disinformation, distrust of institutions, and ...
Working Paper
Plants in Space
We study the number, size, and location of a firm's plants. The firm's decision balances the benefit of delivering goods and services to customers using multiple plants with the cost of setting up and managing these plants and the potential for cannibalization that arises as their number increases. Modeling the decisions of heterogeneous firms in an economy with a vast number of widely distinct locations is complex because it involves a large combinatorial problem. Using insights from discrete geometry, we study a tractable limit case of this problem in which these forces operate at a local ...
Journal Article
Climate Change and the Economy
Richmond Fed senior economist Toan Phan has spent the past decade exploring the economics of climate change. His research in this area began as he was finishing graduate school in 2012, when he was struck by the potential economic implications of climate-related disasters like flooding and hurricanes. So, along with colleagues Riccardo Colacito of the University of North Carolina and Bridget Hoffmann of the Inter-American Development Bank, he began a project to understand the relationship between increasing temperatures and economic growth. The resulting article, "Temperature and Growth: A ...
A Desire to Make a Difference
Beatrice Weder di Mauro, president of the Centre for Economic Policy Research, witnessed good and bad economic policies during her childhood.
Creating a System of Support
Daria Sevastianova, associate professor of economics at the University of Southern Indiana, started the Women in Economics Club with the goal of creating an inclusive, strong discipline.